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HYPE: Will a reversal happen in 4 hours? Bear signals are ready
$HYPE /USDT - SHORT to sell
Trading plan:
Entry: 60.795 – 61.023
SL: 62.005
TP1: 60.087
TP2: 59.539
TP3: 58.718
Why focus on this setup?
- RSI 15m 48.6: momentum is weak, rebounds lack strength.
- The 4h bearish structure is complete. TP1 is at 60.087, TP2 is at 59.539.
- SL at 62.005 is clear, with a risk-reward of 1:2.
- Why now? EMA suppression + before a breakdown below the lower edge of the range.
Discussion:
Will this move reach TP2 first, or will it bait longs and rebound—trapping long positions? Have you placed your orders?